Deloitte denotes to one or more of DTTL, its global network of associate firms, and their related bodies. DTTL which is also referred to as “Deloitte Global” and each of its member firms are lawfully separate and self-regulating entities, which cannot obligate or bind each other in deference of third parties. DTTL and each DTTL member firm and related entity is accountable only for its own acts and inadvertences, and not those of each other. DTTL, NSE and DME do not deliver services to its clients.
Deloitte Middle East operated as the listing advisor for Al Faleh Educational Holding Q.P.S.C. (Al Faleh) for listing of 240 million conventional shares on the Venture Market of Qatar Stock Exchange (QEVM) on 13 April 2021. The listing and admittance to trading of shares on QEVM has been accepted by the Qatar Financial Market Authority and the Qatar Stock Exchange (QSE). QEVM offers an alternative venue for listing and trading of shares for Small and Medium Enterprises (SMEs) who are incapable to meet the higher capital and further requirements of the main market of QSE. Al Faleh Educational Holding will be the first to list on QEVM and also the first in the education sector to go public in Qatar.
Robin Butteriss, Partner, Corporate Finance Advisory at Deloitte Middle East led this landmark transaction, said that were very pleased to have positively led and accomplished a complex transaction procedure that resulted in the introduction of the listing on QEVM. The knowledge and competences of the Financial Advisory team in Qatar played a major role in being the supportive ally to Al Faleh Educational Holding in the evolution to the next phase of growth and development, commented Butteriss.
Walid Slim, Partner at Deloitte Middle East reinforced Al Faleh all through the process and worked thoroughly with the Qatar Stock Exchange. Slim shared his opinions that the QEVM, as a dais, delivers similar companies an opportunity of retrieving capital markets and to branch out the sources of funding, which will upkeep all the future activity.
Deloitte & Touche (M.E.) LLP (DME) is the affiliate for the terrains of the Middle East and Cyprus of Deloitte NSE LLP (“NSE”), a UK limited liability partnership and member firm of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (DTTL). DME is a frontrunner in specialized services with continuous presence in the Middle East since 1926 with 26 offices in 14 countries and around 5,000 partners, directors and staff. DME’s presence in the Middle East and Cyprus is recognized through its united independent legal entities, which are approved to function and to deliver amenities under the applicable laws and regulations of the significant country. DME’s associates and related objects cannot indulge each other and/or DME, and when offering facilities, each associate and related entity engrosses directly and individually with its own clients and shall only be responsible for its own acts or inadvertences and not those of any other affiliate.